Closing Costs

USD500 Property Purchase and Sale Contract, to prepare the Agreement prior to Closing with the Relevant Transaction Terms: parties' identification, property description, purchase price, means of payment and closing date. If there is construction involved, a Property Purchase and House Construction Agreement can be customized.

1% of Purchase Price (non-refundable) Lawyer Closing Fee:

(with USD800 minimum) due at Closing Date to close on the property and title under Buyer’s name.

Title Insurance: title insurance is an option, with the following costs instead:

USD800 or 1% of the insured sum up to USD 500k, then .75%

USD200 Property Transfer Taxes or 2.5% of Declared Value.

These costs are split between Buyer and Seller unless agreed upon otherwise.

The Earnest Money Contract can be signed simultaneously in Seller’s and Buyer’s locations, with hard signed & notarized copies UPS/DHLed to our law offices in Jacó Beach for deposit and exchange.

If the buyer is not attending the closing, a Special Power of Attorney can be issued, emailed, signed, notarized and UPS/DHLed to us to protocolize and close on behalf of the buyer. Fee 100USD.

Recording title term:

Approximately four to six weeks, depending on Registrar assigned to Document.

Incorporation:

An LLC is optional (but ideal) to close on the property and hold title under Beneficiary Owner’s instructions and together with other relatives and/or partners. Corporate Survivorship arrangements can be customized after titling the Property and legalizing the LLC´s books.

Costs:

USD600 Lawyer Incorporation Fee.

USD100 one time Incorporation Fees/Books´ legalization.

USD100/per year, optional, to use our Law Offices as the Registered Office.

Information Needed is:

Beneficiary Owners' legible ID (passport or Drivers License), the percentage of ownership, full name, last name, home address, fax, phones, and email.